Try the satin, bevel and emboss, and pattern overlay layer styles. Also spraypaint a bit with white paint in a new layer, and use the layer as a selection or inverse it and delete from the text layer. Before you do any of this you will probably have to merge the text with a transparent layer to make it editable as image data, not vector data.

If you want more detail please ask, I have no idea how proficient you are with photoshop.

This morning I typed a long tutorial in this thread. Now gone.
What happened?

weathered + spray painted text - komodo - Nov 11, 200411:29 PM

A tutorial would be super! Thank would be great. I am basically learning when it comes to photoshop, but with a couple specific instructions I could figure it out. My question is really 2 questions. 1. How do I make text look weathered and 2. how do i make different text look like it was spray painted using stencils. Thank you so much.